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Marvell Technology (MRVL) Stock Price, News & Analysis

$67.77
-4.12 (-5.73%)
(As of 06/24/2024 ET)
Today's Range
$67.53
$71.56
50-Day Range
$62.13
$78.33
52-Week Range
$46.07
$85.76
Volume
12.24 million shs
Average Volume
11.38 million shs
Market Capitalization
$58.66 billion
P/E Ratio
N/A
Dividend Yield
0.35%
Price Target
$85.00

Marvell Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
25.4% Upside
$85.00 Price Target
Short Interest
Healthy
4.55% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.96
Upright™ Environmental Score
News Sentiment
0.45mentions of Marvell Technology in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$5.50 M Sold Last Quarter
Proj. Earnings Growth
129.33%
From $0.75 to $1.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.86 out of 5 stars

Business Services Sector

30th out of 297 stocks

Semiconductors & Related Devices Industry

15th out of 87 stocks

MRVL stock logo

About Marvell Technology Stock (NASDAQ:MRVL)

Marvell Technology, Inc. is a global semiconductor company founded in 1995 that designs and develops integrated circuits for various applications, including cloud computing, wireless communications, and storage solutions. The company aims to "empower the world's leading innovators to make lives better and the world safer."

Marvell's products and services cater to diverse customers, including some of the world's leading technology companies, such as Microsoft, Samsung, and Western Digital. The company has operations in over 20 countries and employs approximately 5,000 people.

Marvell's management team is led by Chief Executive Officer Matt Murphy, who joined the company in 2016. Murphy has over 25 years of experience in the semiconductor industry and has played a key role in driving Marvell's growth and transformation. A team of experienced executives with diverse engineering, operations, and finance backgrounds supports him.

Marvell reported revenue that has been increasing quite rapidly over the recent past. The company reported a net loss for the past several years, but that net loss has been reducing yearly as Marvell moves toward profitability. Marvell's gross margin is approximately 60%, consistent with the company's historical margin performance.

Marvell has a market capitalization of approximately $30 billion and trades at a forward price-to-earnings ratio that compares favorably to the semiconductor industry average forward P/E ratio. Marvell's price-to-sales ratio is also lower than the industry average. The company's valuation is driven by its strong financial performance, robust growth prospects, and ability to innovate and adapt to changing market conditions.

Marvell's stock has been volatile recently due to downgraded analyst ratings and uncertainty in the semiconductor market. The company's share price has paralleled the benchmark Philadelphia Semiconductor Index over the same period, indicating that this is a sector-wide problem, not a problem with Marvell directly. 

The semiconductor industry has experienced significant growth over the past decade, driven by the proliferation of connected devices, cloud computing, and artificial intelligence. The industry is highly competitive, with prominent players like Intel and Broadcom dominating the market. However, Marvell has carved out a niche by focusing on high-growth markets such as 5G wireless, cloud computing, and automotive applications.

Marvell's competitive advantages include its strong engineering capabilities, innovative product portfolio, and strategic partnerships with leading technology companies. The company has also made significant investments in research and development to stay ahead of emerging technologies and market trends.

Marvell has several growth opportunities, including expanding its presence in the 5G wireless market, developing new products for cloud computing and artificial intelligence, and expanding into new geographic markets. The company has also made strategic acquisitions, such as acquiring Inphi Corporation, to expand its product portfolio and gain access to new customers and markets.

The semiconductor industry is subject to rapid technological change and evolving market conditions, making it challenging for companies to stay competitive. Marvell faces several risks and challenges, including increased competition, supply chain disruptions, and regulatory changes. The company's risk management strategies include diversification of its product portfolio, strategic partnerships, and investments in research and development to stay ahead of emerging technologies and market trends.

MRVL Stock Price History

MRVL Stock News Headlines

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Marvell Technology Data Center Revenues Surge, But the Rest Fall
Marvell Technology Inc. (NASDAQ: MRVL) is a leading semiconductor company in the computer and technology sector sector that designs and manufactures
Marvell logo building
Marvell Technology Data Center Revenues Surge, But the Rest Fall
Marvell Technology Inc. NASDAQ: MRVL is a leading semiconductor company in the computer and technology sector sector that designs and manufactures high-performance chips. They are a powerhouse when it comes to their largest market addressing data infrastructure solutions and data centers.
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Company Calendar

Ex-Dividend for 5/1 Dividend
4/11/2024
Dividend Payable
5/01/2024
Last Earnings
5/30/2024
Today
6/25/2024
Ex-Dividend for 7/31 Dividend
7/12/2024
Dividend Payable
7/31/2024
Next Earnings (Estimated)
8/22/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MRVL
CUSIP
G5876H10
Employees
6,577
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$85.00
High Stock Price Target
$100.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+25.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
22 Analysts

Profitability

Net Income
$-933,400,000.00
Pretax Margin
-13.54%

Debt

Sales & Book Value

Annual Sales
$5.51 billion
Cash Flow
$2.26 per share
Book Value
$16.73 per share

Miscellaneous

Free Float
862,744,000
Market Cap
$58.66 billion
Optionable
Optionable
Beta
1.46

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Should I Buy Marvell Technology Stock? MRVL Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Marvell Technology, Inc.:

  • Marvell Technology announced a share buyback program allowing the company to repurchase $3.00 billion in outstanding shares, indicating that the board believes the shares are undervalued. Stock buybacks can lead to an increase in stock price due to reduced supply in the market.
  • Analysts have given Marvell Technology a consensus rating of "Moderate Buy" with an average price target of $81.28, suggesting potential for stock price appreciation.
  • Wealthfront Advisers LLC increased its stake in Marvell Technology by 98.7% in the third quarter, indicating institutional confidence in the company's growth prospects.
  • Marvell Technology has a dividend payout ratio of -22.22%, which implies that the company is reinvesting earnings back into the business for future growth rather than distributing all profits as dividends.
  • Insiders have been selling shares of Marvell Technology, which could be seen as a positive sign as they may have better insights into the company's future performance and are confident in its long-term prospects.

Cons

Investors should be bearish about investing in Marvell Technology, Inc. for these reasons:

  • Marvell Technology's dividend yield is relatively low at 0.35%, which may not be attractive to income-seeking investors looking for higher dividend payouts.
  • Some insiders, including the CFO and EVP, have been selling significant amounts of company stock, which could raise concerns about their confidence in the company's future performance.
  • One equities research analyst has rated the stock with a sell rating, indicating a bearish outlook on Marvell Technology's future prospects.
  • Marvell Technology's dividend payout ratio is negative, which may raise questions about the company's financial health and its ability to sustain dividend payments in the long run.
  • Despite the positive analyst ratings, there is always a level of uncertainty in the stock market, and investing in individual companies like Marvell Technology carries inherent risks related to market volatility and industry competition.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, June 5, 2024. Please send any questions or comments about these Marvell Technology pros and cons to contact@marketbeat.com.

MRVL Stock Analysis - Frequently Asked Questions

Should I buy or sell Marvell Technology stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last twelve months. There are currently 1 hold rating and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MRVL shares.
View MRVL analyst ratings
or view top-rated stocks.

What is Marvell Technology's stock price target for 2024?

22 equities research analysts have issued 12 month price objectives for Marvell Technology's stock. Their MRVL share price targets range from $65.00 to $100.00. On average, they predict the company's share price to reach $85.00 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
View analysts price targets for MRVL
or view top-rated stocks among Wall Street analysts.

How have MRVL shares performed in 2024?

Marvell Technology's stock was trading at $60.31 at the start of the year. Since then, MRVL shares have increased by 12.4% and is now trading at $67.77.
View the best growth stocks for 2024 here
.

When is Marvell Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 22nd 2024.
View our MRVL earnings forecast
.

How were Marvell Technology's earnings last quarter?

Marvell Technology, Inc. (NASDAQ:MRVL) posted its quarterly earnings results on Thursday, May, 30th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts' consensus estimates of $0.24. The semiconductor company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Marvell Technology had a negative net margin of 18.33% and a positive trailing twelve-month return on equity of 4.51%. The business's revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS.

How often does Marvell Technology pay dividends? What is the dividend yield for Marvell Technology?

Marvell Technology announced a quarterly dividend on Friday, June 21st. Stockholders of record on Friday, July 12th will be paid a dividend of $0.06 per share on Wednesday, July 31st. This represents a $0.24 annualized dividend and a yield of 0.35%. The ex-dividend date is Friday, July 12th.
Read our dividend analysis for MRVL
.

Is Marvell Technology a good dividend stock?

Marvell Technology (NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.33%.
Read our dividend analysis for MRVL.

How will Marvell Technology's stock buyback program work?

Marvell Technology announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 7th 2024, which permits the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 4.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

What guidance has Marvell Technology issued on next quarter's earnings?

Marvell Technology updated its second quarter 2025 earnings guidance on Thursday, May, 30th. The company provided EPS guidance of 0.240-0.340 for the period, compared to the consensus estimate of 0.300. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion.

What is Matt Murphy's approval rating as Marvell Technology's CEO?

247 employees have rated Marvell Technology Chief Executive Officer Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among the company's employees.

What other stocks do shareholders of Marvell Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), Salesforce (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Block (SQ).

Who are Marvell Technology's major shareholders?

Marvell Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.41%), Janus Henderson Group PLC (1.56%), Clearbridge Investments LLC (0.58%), Van ECK Associates Corp (0.58%), Nordea Investment Management AB (0.49%) and Lazard Asset Management LLC (0.46%). Insiders that own company stock include Chris Koopmans, Dan Christman, Daniel Durn, Dean E Jr Jarnac, Ford Tamer, Jean X Hu, Loi Nguyen, Mark Casper, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Muhammad Raghib Hussain, Nariman Yousefi, Sandeep Bharathi and Willem A Meintjes.
View institutional ownership trends
.

How do I buy shares of Marvell Technology?

Shares of MRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Marvell Technology have any subsidiaries?
The following companies are subsidiares of Marvell Technology: Aquantia, Aquantia (Cayman) Ltd., Aquantia B.V., Aquantia C.V., Aquantia Corp., Aquantia Czech s.r.o , Aquantia Japan G.K., Aquantia LLC, Aquantia Rus LLC, Aquantia Semiconductor India Pvt Ltd, Aquantia Technology B.V., Avago - Printer ASICs, Avera, Avera Semiconductor LLC, Cavium, Cavium India Holdings LLC, Cavium International, Cavium LLC, Cavium Networks (India) Private Limited, Cavium Networks Asia, Cavium Networks International, Cavium Networks International Inc., Cavium Networks LLC, Cavium Networks Singapore Pte. Ltd., Cavium Semiconductor Technology (Shanghai) Co. Ltd., Cavium Taiwan Ltd., Cavium UK Ltd., Diseño de Sistemas en Silicio, Galileo Technology, Iamba Networks, Inphi, Kinoma Inc., Marvell Asia Pte Ltd, Marvell Hong Kong Limited, Marvell India Private Limited, Marvell International Ltd., Marvell International Technology Ltd., Marvell Israel (M.I.S.L) Ltd., Marvell Italia S.r.l., Marvell Japan K.K., Marvell Netherlands B.V., Marvell Semiconductor Canada Inc., Marvell Semiconductor Germany GmbH, Marvell Semiconductor Inc., Marvell Semiconductor Korea Ltd., Marvell Semiconductor Ltd., Marvell Semiconductor Sdn. Bhd., Marvell Semiconductor Technology S.a.r.l., Marvell Software Solutions Israel, Marvell Switzerland S.a.r.l., Marvell Taiwan Ltd., Marvell Technology (Beijing) Ltd., Marvell Technology (Chengdu) Ltd., Marvell Technology (Nanjing) Ltd., Marvell Technology (Shanghai) Ltd., Marvell Technology Denmark ApS, Marvell Technology Inc., Marvell Technology Japan Y.K., Marvell Technology Sweden AB, Marvell Technology Vietnam LLC, Marvell UK Limited, Marvell World Trade Ltd., NetXen Inc., PT. Marvell Technology Indonesia, PicoMobile Networks, QLGC Limited (Ireland), QLogic Hong Kong Ltd., QLogic India Pvt. Ltd., QLogic International Holdings Inc., QLogic International Ltd., QLogic LLC, QLogic Storage Network Infrastructure (Beijing) Co. Ltd., QLogic Switch Products LLC, SysKonnect, Utopia Capital Holdings Ltd., and Xelerated.
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This page (NASDAQ:MRVL) was last updated on 6/25/2024 by MarketBeat.com Staff

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